America’s public debt is projected to rise to record levels over the next three decades, according to a new Congressional Budget Office (CBO) analysis, which noted that the government’s finances have improved a bit thanks to the GOP-led debt ceiling deal but overall remain “challenging.” The new forecast, released on Wednesday by the non-partisan spending…
US Federal Debt Will Soar Despite GOP-Led Cost-Cutting Efforts: CBO
June 28, 2023
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Key Republicans Support Ditching McCarthy-Biden Debt-Ceiling Deal to Boost Defense Budget
Key Republicans are calling for more defense spending than is permitted under the debt-ceiling deal negotiated less than a month ago between House GOP leadership and the Biden administration. Senate Armed Services Committee ranking Republican, Sen. Roger Wicker (R-Miss.)—in a statement accompanying the panel’s June 23 adoption of the $886.3 billion Fiscal Year 2024 National…
Democrats Warn That Congress Is Still Heading Toward a Shutdown Despite Agreement on Budget
June 16, 2023
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Democrats warn that Congress is still facing the threat of a shutdown at the end of the year, despite an agreement on the Federal budget. The agreement earlier this month between House Republicans and the Democrats was supposed to create a bipartisan framework for annual spending bills that would take a government shutdown off the…
Student Loan Payments Will Restart Soon: Here’s the Timeline Borrowers Should Know
June 14, 2023
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Federal student loan payments have been on pause since March 2020. But soon that will change. The U.S. Department of Education, which oversees a $1.6 trillion portfolio in federal student loan debt owed by about 43 million Americans, has posted a notice at the top of its student aid website, confirming when borrowers should start…
Democrats Push Bill to Let Government Ignore Debt Limit
June 9, 2023
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Democrats have introduced a bicameral proposal to overhaul the debt ceiling process, leaning heavily into the recent default scare to push a bill that would essentially let Treasury ignore the debt cap and continue writing cheques with no limit. The Debt Ceiling Reform Act, introduced jointly on Friday by Rep. Brendan Boyle (D-Pa.) and Sen….
GOP Lawmakers Voted Against Debating Bill to Protect Gas Stoves After Threat to Debt Ceiling Package: Rep. Norman
Rep. Ralph Norman (R-S.C.) said that he and 10 other House Republicans recently voted against debating a bill to prevent a ban on gas stoves in part owing to a threat related to the debt ceiling legislation. “Last week during the debate, on passing the [debt ceiling] package that was sent to the Senate, one…
EXCLUSIVE: Sen. Lankford Opens Up About Faith and Politics
Congressional observers know Sen. James Lankford as a deliberative man who thinks before he speaks, but the Oklahoma Republican doesn’t hesitate when asked about the role of faith in his personal life and political career. “The most important decision is one I make every day—who am I going to follow, and what is going to…
[PREMIERING 7:30PM ET] David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
June 6, 2023
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“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
[PREMIERING NOW] David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
June 6, 2023
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American Thought LeadersbidenBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesDavid Stockmandebt ceilingdebt crisisDebt Limit BillDemocratsDonald Trumpeconomic policiesEconomyEpochTVExecutive BranchFederal Reservehigh inflationHouse Majority Leader Kevin McCarthyinflationinterest ratesLive VideosMarketsMedia & Big Techpersonal financePolicies & ImpactsPoliticspublic debtRepublicansUSUS NewsVideo
“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
June 6, 2023
admin
American Thought LeadersbidenBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesDavid Stockmandebt ceilingdebt crisisDebt Limit BillDemocratsDonald Trumpeconomic policieseconomyEpochTVExecutive BranchFederal Reservehigh inflationHouse Majority Leader Kevin McCarthyinflationinterest ratesLive VideosMarketsMedia & Big Techpersonal financePolicies & ImpactsPoliticspublic debtRepublicansUSUS NewsVideo
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American Thought LeadersbidenBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesDavid Stockmandebt ceilingdebt crisisDebt Limit BillDemocratsDonald Trumpeconomic policiesEconomyEpochTVExecutive BranchFederal Reservehigh inflationHouse Majority Leader Kevin McCarthyinflationinterest ratesLive VideosMarketsMedia & Big Techpersonal financePolicies & ImpactsPoliticspublic debtRepublicansUSUS NewsVideo
“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
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